Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

JUPITER PRICE ANALYSIS & PREDICTION (January 29) – JUP Negotiates Next Move as it Floats Around $1, Where Will it Go?

Several Solana-based projects have posted huge losses in the past few days, including Jup which is now down by 3% today. A recovery above the previous monthly high should set the stage for a big increase. Last week, Jup showed signs of strength and went offensive after seeing a notable increase in the volume level. Things escalated positively fast as many traders became optimistic about a possible rally, but the asset faced rejection and the buying pressure faded off quickly. Interestingly, the $1 level provided support in the past few days and became a critical trading level for Jup since it faced rejection last weekend. Though, like many altcoins, the price currently appears weak. Losing this critical trading level could cause a serious decline in the price. This could roll the price back to the $0.7 range before picking up again. Failure to bounce back might result in a heavy loss, which may slide the price to a yearly low. However, Jup’s next move is still indecisive. A push above the previous weekly high should give room for more positive actions daily. Apart from that, we can expect a new high to surface before rallying hard. It is currently gathering momentum for another major swing. JUP’s Key Level To Watch Source: Tradingview On the daily chart, the bulls are still having the upper hand. If they regroup back, the $1.28 level would be their target before charging at the $1.44 resistance on the way up. The $1.6 level is the next resistance to watch. Losing $1, there’s a minor support at $0.9. A further drop from there could pull us to a low of $0.8, followed by $0.71. Key Resistance Levels: $1.28, $1.44, $1.6 Key Support Levels: $0.9, $0.8, $0.71 Spot Price: $1.1 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: rawpixelmasitta/ 123RF // Image Effects by Colorcinch Bitcoin.com

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Bitcoin Jumps to $105,000 as Fed Fears Fade

Bitcoin rose to $105,000 following the Fed`s decision to hold rates steady, with Chair Jerome Powell signaling openness to crypto banking. Bitcoin.com